JANUARY 9, 2012, ST. LOUIS, MO - Harbor View Advisors is pleased to announce the completion of Cass Information Systems’ (NASDAQ: CASS) acquisition of Waste Reduction Consultants, Inc. (WRC). Harbor View served as exclusive financial advisor to WRC in the transaction. In addition, Harbor View had previously worked with WRC through its Accelerator Program, advising the company on a variety of strategic initiatives to support its rapid growth. Terms of the deal were not disclosed.
WRC is a fast-growing provider of expense management services, enabling multi-location businesses to reduce operating costs through information-driven optimization and procurement of waste removal services. The company will continue to grow its business and service its clients as part of Cass, a leader in back office BPO solutions. The acquisition extends Cass’ portfolio of services for controlling facility-related expenses. CEO Bryce Kaspar, who founded Waste Reduction Consultants in 1999, will join Cass and continue to manage the Jacksonville, FL- based operations.
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